Sacoil Share Discussion Threads

[rayteuptetash] 30/8/2013 18:58

Fletcher for PM or big gov of the BOE lol

Will will find out soon enough broni. Lets keep em crossed : )

[bronislav] 30/8/2013 12:49

Ray.i don't believe I just thought it might relieve the boredom passing imfo on .it may be good imfo maybe bad .All investments are a gamble ,some more riskier than others.fletcher will put us all on the right track.lol.

[r g fletcher] 30/8/2013 12:43

Lol your in for a shock then lolololol.

[rajaster] 30/8/2013 12:37

ray. it could take another month. but tbh i'm not in any hurry, so long as theres no negative affect.

[rayteuptetash] 30/8/2013 09:50

Broni

Why do you believe people on BB's?

The guy probably knows SFA. Just another chancer.

We have to wait for an RNS and then we will know

[bronislav] 30/8/2013 08:57

Please don't shoot the messenger but latest is technical glitch and relist now Wednesday.according to discuss the market.

[bronislav] 29/8/2013 12:11

Raj....news seems to have dried up.,i have emailed the company asking for some clarity but doubt they can say much.I would,nt like the job of sorting out the annual report.

[rajaster] 29/8/2013 12:08

its ok bron not blaming you.. just didnt think it would be so quick as the annual report is still outstanding.

[bronislav] 29/8/2013 11:40

Just passing imfo from discuss the market .could come anytime throughout the day or after close .Who knows with sacoil.

[rajaster] 29/8/2013 11:35

29th??? wheres the relist.

[rajaster] 28/8/2013 09:12

squeeky bum time then. lets see what damage they do.

[bronislav] 27/8/2013 20:27

Still on for 29th relist is the word on the street or the word on discuss the market to be precise.

[rayteuptetash] 19/8/2013 09:56

Anyone rember HAWK and the way David Brahmill nearly destroyed the company.

Amazing and wonderful to see how its slowly recovering with its new board. I'm not in.

Looking At that, anything is possible. Yet it will be a long ride.

Patience may be key here and even though dilution is inevitable in the long run things may turn out ok

I will hold for a couple of years to see how things turn out

[bronislav] 17/8/2013 21:52

Rumours on discuss the market of 29th August relist .

[bronislav] 10/8/2013 15:54

Ray.not for certain .maybe at first we will lose out but given EER loooks to be close to its tie up with Brady and with Eer concluding a deal for a nigerian oil asset ,that would suggest to me that the issues over debt with Gairloch and the monies owed by EER are perhaps resolved .The team assembled here are top class and even though Africa is risky ,the new board do seem to have some integrity about them given their previous positions .Your either half full or half empty or an opportunist.

[swinging_dick] 09/8/2013 16:46

hxxp://www.fm.co.za/business/money/2013/08/08/sacoil-holdings-waits-for-share-suspension-lift

[bronislav] 03/8/2013 17:49

Zengas......any thoughts you are willing to share on new board members .TIA.

[bronislav] 31/7/2013 20:21

Ray....quite a mess to sort out and I would rather it take time to ensure a good outcome to the debt issues.No doubt the board is made up of heavyweights with reputations ,if they can walk the walk like they talk the talk then sac could become a very significant happy ending .Anything has to be better than vela ,he did ok at first and I suppose we have to thank him for the Congo and opl deals but we seem to have stood still for two years.Granted the unrest in Congo was not down to vela but the slow progress on Nigeria is on his watch .Allis in place board wise so we should see some movement in the next month.

[rayteuptetash] 31/7/2013 20:06

Two months on and still SFA

[bronislav] 30/7/2013 13:39

A good article in the Sunday times business section at the weekend.

[rajaster] 26/7/2013 09:54

dont forget EER still Owe SAC. Pending they fail to pay then assume their stake will be up for sale to another local due to nigerian laws stipulating local ownership, unless SAC setup a subsidiary which is run locally.(which they do have, some one please jog my memory or correct me if i'm mistaken).

In regards to gairloch debt and ownership and gairloch having a stake in EER also, please note that the debt was never setup with 10% payments to gairloch but were owed to a equity provider and broker who sold the debt to gairloch.

[bronislav] 26/7/2013 07:52

bushman..The whole team look impressive.

[bushman1] 26/7/2013 07:50

Tito Mboweni is a very influential and well respected businessman in South Africa AND throughout the African continent. I suggest he wouldn't have joined the Company if he wasn't certain it was going to be a great success.